Velo3D Sees FY23 Revenue $105M-$115M vs $121.64M Est.; Co. Cites Delays In booking Certain Orders
Portfolio Pulse from Benzinga Newsdesk
Velo3D has projected its FY23 revenue to be between $105M-$115M, which is lower than the estimated $121.64M. The company attributes this to delays in booking certain orders.
August 10, 2023 | 8:08 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Velo3D's lower than expected FY23 revenue forecast could negatively impact its stock price in the short term.
Velo3D's FY23 revenue forecast is lower than the estimated $121.64M, which the company attributes to delays in booking certain orders. This could lead to a negative sentiment among investors, potentially causing a short-term drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100